St. Antoine De Padou 2 Group

The group ST ANTOINE DE PADOU 2 is composed of seven persons who reside in the same district. This is the second time this group has requested financial aid from Alidé. The group representative, Rose Pascaline, is the one with her hand raised in the photo. She is 46 years old and married to a man named Léopold. The couple have three children, all in school and in their care. In addition to their children, the couple have another child to support. Rose Pascaline lives together with her husband and children. The couple share the different household expenses.

To help meet the different needs of the family, Rose Pascaline sells fabrics and sets of dishes on the side via the distribution system. This business enables her to meet her needs without much difficulty. She gets her supplies from a market in Benin.

Seeking to satisfy her customers and to increase her sales and revenues, Rose Pascaline is requesting along with the other members of the group ST ANTOINE DE PADOU 2 a second loan from Alidé. This loan will allow them to boost their businesses and grow their customer base and revenues. The previous loan was indeed paid back.

Additional Information

About Alidé

Alidé is a Beninese NGO that works to reduce poverty by offering sustainable access to productive loans like this one in addition to savings, training sessions, and social work to low-income families.

Supporters of this loan should be aware that there is some risk of being repaid late. Because the Beninois Ministry of Finance has imposed restrictions on the amount of money Alidé can send to Kiva, the organization can only send monthly repayments in installments smaller than $13,000. This means that some Kiva lenders may receive their repayments late. However, Alidé remains a healthy institution in good standing with its creditors, and Kiva would like to continue working to support its clients. For more information, please refer to Alidé's partner profile page.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.